A Parent's Guide to Raising Money-Smart Kids

A Parent’s Guide to Raising Money-Smart Kids is a practical resource to help parents explain to kids the importance of learning about money. By guiding parents through the five aspects of money management – Earn, Save, Spend, Share and Invest – the book provides hands-on suggestions that parents can apply to teaching kids about money at any age.

Raising Responsible Money Managers

If you are like most Canadians, you believe that responsible money management is an important life skill — and one that should be taught to kids. The research shows that most parents feel it’s their responsibility to teach their kids about money management, and many have tried. But a vast majority of parents feel they have not been very successful at it. They feel they don’t have the information they need, and they don’t know how to approach the subject with kids of different ages. They recognize that they need help and they are willing to listen and learn. That’s why this book was written. We believe that the earlier kids are taught, the greater the likelihood of their financial success throughout life.

Teaching Your Kids to be Money-Smart

A Parent’s Guide to Raising Money-Smart Kids explains why it’s important to help your kids become money-smart. It covers what that implies about a parent’s responsibility to be smart with their money so that you can teach by example, because a good example really is the best teacher. It also directs parents with kids at different stages, from young children through to emerging adults, through the five aspects of money management — Earn, Save, Spend, Share and Invest. There are suggestions for family discussions and activities designed to reinforce these concepts. Each chapter also contains quotes from parents talking about how they approached financial literacy with their kids, quotes that sometimes remind us that there is often humour even in the most serious topics.

Click on the chapter headings below to read excerpts from A Parent's Guide to Raising Money-Smart Kids: